Store credit cards are really just regular credit cards; You can still purchase and you still have to pay interest on those purchases. The only difference is that they are branded and linked to their specific retailers and reward programs, allowing cardholders to earn and redeem points.

Store credit cards
You can purchase and have to pay interest by store credit cards

In the previous post, Info Credit Free introduces people to some of the necessary information that is useful for getting zero interest credit cards in the US, to get more information people can read the article Ten best zero interest credit cards for you choose in the US. Now, let find knowledge about the store credit cards in the post today.

STORE CREDIT CARDS

Just like a lot of article posts such as interest-free credit card, unsecured credit cards for bad credit, credit cards with no annual fee, online credit card payment…, this post about store credit cards also includes some main parts. They are:

1. What are the store credit cards?

Credit card storage is really just a regular credit card; You can still purchase and you still have to pay interest on those purchases. The only difference is that they are branded and linked to their specific retailers and reward programs, allowing cardholders to earn and redeem points.

The original credit card store appears before credit cards because department stores are used to provide customers with special benefits to reward their loyalty to a particular store or brand. that way. Therefore, store credit cards can offer in-store discounts and special bonuses in addition to their standard rewards programs.

A store credit card number has a refund feature, which acts as a discount when you spend money on your card at that retailer.

Credit card storage works similar to traditional credit cards. You buy items on cards that you can pay off over time. Each month you will be asked to pay the minimum. The interest rate for a store’s credit card tends to be higher than what you have on a traditional card. Many stores will offer discounts if you use a credit card to make purchases. They can also offer incentives such as additional discounts for your next purchase.

Many store credit cards are provided by banks through the store. It is important to carefully read the credit card agreement so you know which bank is processing the card and how to pay it on time. You can sign up for store credit both in store and online. Be sure to consider interest rates as well as fees and penalties.
Store credit cards
You can purchase and have to pay interest by store credit cards

2. Some advantages and disadvantages of the store credit cards

advantages Disadvantages
  • Reward: stores reward you with points you make when you buy every day.
  • Bonus: a store’s credit card number offers a variety of privileges and bonuses, such as special subscription deals, store discounts and more.
  • Accessibility: since most store credit cards are from Visa, Mastercard or American Express, you can use them wherever these brands are accepted.
  • Higher interest rates: credit card storage often accumulates higher interest rates than other types of credit cards.
  • Higher annual fees: although not always true, store credit cards can attract higher annual fees.
  • Restrictions on other rewards: while the number of points earned in the store may be higher, the rate may be worse for other retailers.3. The best store credit cards in the US

3. The best store credit cards in the US
3.1. Amazon Prime Rewards Visa Signature Card

  • 5% cashback for all purchases on Amazon.com and Whole Food.
  • 2% refund at restaurants, gas stations, and pharmacies.
  • 1% cashback for all other purchases.
  • $ 0 annual fee.

3.2. Target REDcard™ Credit Card is the best for everyday items

  • 5% discount for all eligible purchases.
  • 10% coupon each year on your card anniversary.
  • Add 30 days for profit.
  • Free shipping on most items at Target.com.
  • $ 0 annual fee.

3.3. Gap Visa® Credit Card is the best for clothes

  • 5 points for every $ 1 spent at Gap brands, in-store or online.
  • 1 point for every dollar spent elsewhere.
  • Points are worth 1 cent per point and can be exchanged for credit at Gap brands such as Athleta, Old Navy and the Banana Republic.
  • The Banana Republic Visa® and Old Navy Visa® credit cards offer similar benefits.
  • Save 20% and enjoy free delivery on your first purchase with Gap Visa® Credit Card.
  • Extra 10% off each time you shop at Gap and Gap Factory stores, plus an opportunity to earn more loyalty.
  • Cardholders can return purchases without receipts.
  • $ 0 annual fee.
  • Visa open loop, which means you can use it anywhere Visa is accepted (although the store card version is closed-loop and can only be used at Gap brand stores).

3.4. Lowe’s Advantage Card is the best for home improvement

  • $ 0 annual fee.
  • 5% discount unlimited when buying Lowe, or
  • Sponsorship promotion if you decide not to receive a 5% reward

This post is about store credit cards. We provide this information to offer you some of the necessary information that is useful for getting the store credit cards. Also if you are looking for information about the online credit card payment fee, please refer to Some tips for lowering the online credit card payment fee link we just provided in the previous article. 

Hillary (Team Content) – Info Credit Free